Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-04-29
SEATTLE. w. t. FRIDAY MORNING. APRIL ss 1884,

ed the stasement. sayine thai his road
came into possession Of the Lsa6vills
branch On the forsclosafe Of . mort
Rage. The Utah and Nevada road 10
Tinsie vas boaGht By the Union Paeiec
"a 1883 This rusd pays divioends. The
Oeutrd road vas an acquisition. IL
Was good paying property until the
Dssvef And Rio GFande was huilt. since
when u has not paid. Tke ineama fell
1855.
Oonsiaerssion vas then passed tn
What Adams called 'operated roads."
The Colorado Central h . good paying
road. Adams ttated that the George
tswn. BEsckinrid9s and Colorado Bail
road isfsmous as loep lire ensineering
curiosity. Originally ID ran up Q moan
lain into the mountains. New there are
f0arteen nties Of q missing link. Thous-
ands Of to1Fists visit H. lts annual
basinees IL only $500 Il 10 valoabls
10 the Company because u may repre-
sent 100000 Of tgafdo oRer the main
line. Tie Echo and Park City connects
The Union Pacific With the Ontario Sill
yer miues. Il IL an unusaaliy valuable
road. The Greeley, Salt Lake and Pa
eilc road runs from Greeley "a miles 10
the quaFrles Of the Union Pacile and Ia
practically stone road. Il was acquir.
ed In 1882 and 4 q valuable road. The
1ontaoa Railroad Company Funa fren
the Utah Northern 10 Auaeonoa amelt-
ing works. Tt does O bic business. The
Union Pacific has I,5O0 miles o. narro =
guage, but it 10 the policy Of that Com
pany to substitute standard gaaRe 90
rapidly as possible.
Adams ooald mos tell the Arst eost Of
the eonstFuosioa ef the Union Pacific.
He did not know anything of the Affairs
Of the road until 1850. he held there
must be s tine when be most taxa the
fact; and that period vas fixed af 1880.
he had rather avoided Il prior 20 that
time. The road Was built in the most
extFavaRant manner possible. The
branch system Of the Unien Pacific had
been celebrated aa an enormous expense,
and every dollar Of that money miRhi
pockets Of the stockholders In dividends.
seem, for Q while fed the main line With
bnsinsss. and large profits we're made.
It was calculated that the Union Pa
Ctuo Va rcSotNtME 1UOat &asoe0ioJS Ato-u
its branch system. The company had
gone into outside enterprises mot always
successful. The Occidental Steamship
Company was paying. Il vas intro
duced by the Central Paeiho and vas
joined In BY the Union Pacific. This
road was driven into the scheme TO de-
velop this or that scheme by the people.
They slam0red and cried that the read
was not enterprising and vas unR.ateful
IL IL did not 90 into schemes. and then
the road for its recklessness
when one Of them failed. Adams did |
not know of an instance where |
director or an employe OF the Union |
Pscihs bad an interest In any contract |
with the Union Pacific. The last divi- |
dends were declared In March, 1884.
The net earnings Of the road for the |
past three years have been devoted TO
improving the property. The floating /
debt toache0 its highest on July let,
1885. Mr.. Adams bad vouchers fer all |
lhe expenses, and thoueht the ethcers
would stand the ssverest investigation
On that score. There wss movement
10 leeislate against the road By the
State Legislature.
Adjourned.